WASHINGTON, DC—The Municipal Securities Rulemaking Board has signed a 15-year lease in the Franklin Square office building at 1300 I St. NW, for 38,869 square feet. The regulatory agency – MSRB is the organization responsible for regulating the municipal securities market – is moving from its current location at 1900 Duke St. in Alexandria, VA.
1300 I St. NW is owned by TIAA-CREF and was represented by Cassidy Turley.
Gary Stein, Ben Plaisted and Greg Scheipers of Savills Studley represented the agency for this deal and in identifying another location for the MSRB's data center. The agency wanted its office location to be in downtown DC next to other financial market regulators and close to Capitol Hill. It considered a number of options including the possibility of dividing space between two locations. The MSRB will move in 2016.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
